Those that can, do, those that can't, teach.
The Daily Fozzy Method 2,814 replies
The 4 Hour Fozzy Method 233 replies
The Fozzy EA 389 replies
Fozzy Alt... one more approach to the Daily Fozzy Method 40 replies
Monthly Fozzy Method 9 replies
DislikedWish all trades were this easy to spot.
Problem is so many time frames, so many pairs.
Still nice when it all lines up though.
Fozzie pointed the way down.
In at 115.90.
Closed half at 115.00.
Probably see 114.00 61.8R and Sept 10 high.Ignored
DislikedMy target of 114.10 was just reached! Thanks again for the FIB lesson.........Ignored
DislikedGlad u liked it and got a good profit.
Hopefully I can find a few more to post.
Whether they all go as well as that one remains to be seen.
More and more I find myself looking for fozzie sells on the 4H. Thats not to say I don't watch the daily charts, its just easier to find turning points off larger time frames, like the last USD/JPY weekly and then try to get in on a shorter TF. More profit, smaller stops.
And from my style of trading I find it easier to analise fibs on a 4H.
Will be studying charts hard at weekend.Ignored
DislikedHey all,
Just wanted to let anyone interested in smaller frames...day trades or scalping. This method works well on the 15 also. The one thing that we tweaked the past week or so, take trades in direction of the short term trend. Found that trying to catch reversals ended up being non productive, and took our focus off other pairs. EXCEPT reversals off of the RSI 15 or < and 85 or >.
Trades from last 2 days for review....REMEMBER this is a 15 minute Fozzy....notice a few added indicators to filter out short term noise.
Still "working" on those longer time frames BB!....
FxjIgnored
DislikedAlways enjoy your observations. Which time frame do you use to establish "The Trend" before looking at the 15 minute chart? Also, not sure why you have the CCI on your chart; it looks like a smoothed out version of the RSI (8).Ignored
DislikedHey BB !
Been working on the longer terms....4 hour!
Just an update....this pair scares the hell outta me, and I missed the Cable move.....1226am EDTIgnored